Title 12

NRS 148.090 Petition for order requiring sale. If the personal representative neglects or refuses to sell any property of the estate when it is necessary or when it is for the advantage, benefit and best interests of the estate and interested persons, or if the personal represent…

NRS 148.100 Neglect or misconduct of personal representative. If there is neglect or misconduct in the proceedings of the personal representative in relation to any sale by which an interested person suffers damage, the person aggrieved may recover damages in an action upon the b…

NRS 148.105 Contracts to find purchaser of personal property: Liability of personal representative; limitations on commission. 1. The personal representative may enter into a written contract with any bona fide agent, broker, or multiple group of agents or brokers to secure a pur…

NRS 148.110 Contracts to find purchaser of real property: Liability of personal representative; limitation on commission. 1. The personal representative may enter into a written contract with any bona fide agent, broker, or multiple group of agents or brokers to secure a purchase…

NRS 148.120 Division of commission upon confirmation of highest bid. When an offer is presented for confirmation by the court, other offerors may submit higher bids and the court may confirm the highest bid. Except as otherwise provided in this section, upon confirmation, the rea…

NRS 148.130 Sale of property subject to mortgage or other lien. 1. If real or personal property is sold that is subject to a mortgage or other lien which is a valid claim against the estate, the purchase money must be applied, after paying the necessary expenses of the sale: (a) …

NRS 148.140 Disposition of proceeds of sale. The purchase money, or so much thereof as is sufficient to pay the mortgage or other lien, with interest, and any lawful costs and charges thereon, may be paid to the clerk if the mortgagee or other lienholder cannot be found, whereupo…

NRS 148.150 Right of holder of lien on property to purchase it; receipt as payment pro tanto. At a sale of real or personal property upon which there is a mortgage or lien, the holder thereof may become the purchaser, and the receipt for the amount due to the holder from the proc…

NRS 148.160 Sale of equity of estate in property: Procedure. 1. A personal representative may sell the equity of the estate in any property which is subject to a mortgage or lien and sell the property subject to the mortgage or lien, upon such proceedings as are prescribed in thi…

NRS 148.165 Transfer of interest subject to Nevada Gaming Control Act to heir or devisee; procedure. 1. No interest subject to the jurisdiction of the Nevada Gaming Control Act may be transferred to any heir or devisee from probate until the heir or devisee has received all appro…

NRS 148.170 Sale of perishable and depreciating property. Perishable property and other personal property which will depreciate in value if not disposed of promptly, or which will incur loss or expense by being kept, and so much other personal property as may be necessary to prov…

NRS 148.180 Sale of securities: Authorized by will or consent of devisees or heirs; authorized by court. 1. If the sale of securities is authorized by will or by consent of the devisees or heirs to whom the securities are to be distributed, the securities may be sold without noti…

NRS 148.190 Sale of other personal property: Publication; description of property; inspection. 1. Except as otherwise provided in subsection 3 and NRS 148.080, 148.170 and 148.180 and in summary administration under chapter 145 of NRS, a personal representative may sell personal …

NRS 148.195 Confirmation of sale: New appraisement; appraisal dispensed with under certain circumstances. 1. Except as otherwise provided in subsection 2, no sale of personal property at private sale may be confirmed by the court unless the court is satisfied that the sum offered…

NRS 148.200 Terms of sale. Personal property may be sold for cash or upon credit. [154:107:1941; 1931 NCL § 9882.154]—(NRS A 1997, 1490; 1999, 2319)

NRS 148.210 Interests in partnerships. Partnership interests or interests belonging to an estate by virtue of any partnership formerly existing, an interest in personal property pledged, and choses in action, may be sold in the same manner as other personal property. [155:107:194…

NRS 148.220 Notice of sale: Publication; court waiver of requirement of publication; posting; description of property. 1. Notice of the time and place of sale of real property must be published in a newspaper published in the county in which the property, or some portion of the p…

NRS 148.230 Public auction; postponement of sale. 1. A sale at public auction must be made in the county in which the real property is located, and if it is located in two or more counties, it may be sold in either. The sale must be made between the hours of 9 a.m. and 5 p.m. on …

NRS 148.240 Private sale. 1. The notice of a private sale must state a place where bids or offers will be received, and a day on or after which the sale will be made, which must be at least 2 weeks after the first publication or posting of the notice, and the sale may not be made…

NRS 148.260 Confirmation of sale: Requirement of appraisement; court waiver of requirement of appraisement under certain circumstances. 1. Except as otherwise provided in subsection 2, a sale of real property at a private sale must not be confirmed by the court unless the court i…

NRS 148.270 Hearing concerning confirmation of sale: Considerations; higher offer; continuance; confirmation of sale without bids of property subject to lien or mortgage exceeding value of property. 1. At the hearing, the court shall consider the necessity for the sale, or the ad…

NRS 148.280 Conveyances after confirmation of sale. 1. If a sale is confirmed, a conveyance must be executed to the purchaser by the personal representative. The conveyance must refer to the order confirming sale, and a certified copy of the order must be recorded in the office o…

NRS 148.290 Sale on credit. 1. If a sale is made upon credit, the personal representative shall take the note or notes of the purchaser for the unpaid portion of the purchase money, with a mortgage on the property to secure their payment. 2. The mortgage may contain a provision f…

NRS 148.300 Failure of purchaser to complete sale. If, after the confirmation, the purchaser neglects or refuses to comply with the terms of the sale, the court, on motion of the personal representative, and after notice to the purchaser, may vacate the order of confirmation and …

NRS 148.310 Fraudulent sale: Penalty. A personal representative who fraudulently sells any real property of a decedent contrary to or otherwise than under the provisions of this chapter is liable for double the value of the property sold, as liquidated damages, to be recovered in…

NRS 148.320 Periods of limitation. The periods of limitation prescribed in NRS 11.270 apply to all actions for the recovery of any property sold by a personal representative in accordance with the provisions of this chapter, and to all actions to set aside such a sale. [166:107:1…

NRS 148.330 Method of sale. If a decedent, at the time of death, was a party to a contract for the purchase of property, the interest in the property and under the contract may be sold by the personal representative in the same manner as if the decedent had died seised of the pro…

NRS 148.340 Sale subject to claims; bond of purchaser. 1. The sale must be made subject to all payments which are due at the time of sale or which may thereafter become due on the contract, and if there are any, the sale must not be confirmed by the court until the purchaser exec…

NRS 148.350 Assignment after confirmation. Upon the confirmation of the sale, the personal representative shall execute to the purchaser an assignment of the contract, which vests in the purchaser, and the heirs and assigns of the purchaser, all the right, title and interest of t…

NRS 148.360 Petition for sale: Notice. 1. To enter into an agreement to sell or to give an option to purchase a mining claim, or real property worked as a mine, belonging to the estate of a decedent, the personal representative, or an interested person, shall file a petition desc…

NRS 148.370 Hearing; order authorizing sale. 1. At the time appointed, the court, upon proof that due notice of the hearing has been given, shall proceed to hear the petition and any objection thereto that may have been filed or presented, and if, after a hearing, the court is sa…

NRS 148.380 Additional bond of personal representative; agreement or option to purchase. 1. The order must fix the amount of such additional bond as the court determines should be given by the personal representative, who is not entitled to receive any of the proceeds from the ag…

NRS 148.390 Failure to comply with agreement or option. If the purchaser or option holder neglects or refuses to comply with the terms of the agreement or option, the court, on petition of the personal representative, and after notice to the purchaser or option holder, shall ente…

NRS 148.400 Procedure after compliance with agreement or option to purchase. If the terms of an agreement to sell or option to purchase have been complied with by the purchaser or option holder, and all payments have been made according to the terms thereof, the personal represen…

NRS 148.410 Petition for order to convey, transfer or deliver property: Conditions; contents; hearing and notice; response; effect if order granted. 1. The personal representative or an interested person may petition the court to enter an order: (a) If the decedent died in posses…

NRS 148.420 Authorization of conveyance. If a person who is bound by contract in writing to convey or transfer property dies before making the conveyance or transfer, and the decedent, if living, could have been compelled to make the conveyance or transfer, the court in which pro…

NRS 148.430 Petition and notice. 1. The personal representative, or the person claiming to be entitled to the conveyance or transfer, may file with the clerk a petition setting forth the facts upon which the claim is predicated. 2. The clerk shall set the petition for hearing, an…

NRS 148.440 Hearing and order. 1. At the time appointed, the court, upon proof that due notice of the hearing has been given, shall hear the petition and any objection that has filed or is presented. 2. If the court is satisfied that the conveyance or transfer should be made, it …

NRS 148.450 Effect of order; execution of order. 1. The order is prima facie evidence of the correctness of the proceedings and of the authority of the personal representative to make the conveyance or transfer, and after its entry, the person entitled to the conveyance or transf…

NRS 148.500 Authorization to exchange: Petition; notice. If it appears advantageous to the estate to exchange any property of the estate for other property, the court may authorize the exchange, upon petition of the personal representative or of an interested person. The clerk sh…